From Stewardship to Decision Making

Introduction to From Stewardship to Decision Making

We have seen that, in the early days of financial reporting, stewardship was the key issue. The main aim was to recount what had happened so as to make stewards (managers) accountable and perhaps, therefore, more careful in deploying the assets of the owner.

As financial reporting developed, however, its decision-making potential was increasingly exploited. In modern times, the decision-oriented aspect has become increasingly important and regulation has become more targeted on making financial statements useful as decision-making tools.

Decision making involves making predictions about the future and it is argued that, to help users, financial reporting should have both a predictive role and a confirmatory role. That is to say, it should enable a user to make reliable predictions about future earnings and cash flows. It should also enable a user to confirm whether past predictions were reliable.

We are now going on to look at three more recent developments in company financial reporting statements. All three of these go beyond the routine financial statements, yet preparing them is obligatory for many larger and/or listed companies. The statements concerned are segmental reports, business reviews and interim financial statements.

Latest technology based Financial Accounting Online Tutoring Assistance

Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in From Stewardship to Decision Making homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for From Stewardship to Decision Making, project ideas and tutorials. We provide email based From Stewardship to Decision Making homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in From Stewardship to Decision Making. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Financial Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the financial accounting assignments, which may help you to solve your complex issues of From Stewardship to Decision Making. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.

©TutorsGlobe All rights reserved 2022-2023.